The Harper government recently announced that Employment Insurance rates that employers
and employees pay will be frozen for the next three years. This means that businesses
and their employees in Elgin-Middlesex-London will be keeping more money in their
pocket, which is great news for our local economy - especially our small businesses.
Our Government, like no other before, understands that small business is the cornerstone
of our economy, creating jobs that support families in our communities. That's why
we have introduced numerous measures to help them out, like a hiring credit for
growing small businesses that expand their workforce.
Little wonder small business has been such a key part of Canada's recovery from
the recent global economic downturn. In fact, with the help of small businesses,
Canada has created over one million new jobs since the end of the global recession
- the best record among all the G-7 countries.
But as we all know, the global economic recovery remains challenging. This is especially
true for Canada's key trading partners - the United States and Europe. With our
big export consumers are still on shaky ground, that's going to have an impact on
That's why our Government is staying focused on the economy. One way we're doing
that is the three-year freeze on EI rates. This means rates for employees and employers
will stay at or below the 2013 level ($1.88 per $100 of insurable earnings) until
2016. This will leave $660 million in the pockets of job creators and workers in
2014 alone, compared to what they would have otherwise had to pay under the projected
formula. This means more money stays in Elgin-Middlesex-London, helping support
our local economy.
I'm proud the Harper government is promoting such a positive plan for the economy,
as that's what Canada needs.
Member of Parliament